Learn about the cost considerations of heat pump installation, including rebate and financing options in today’s blog from your heat pump installation specialists, Cross Heating & Air Conditioning.
...
In 2025, heat pumps have firmly established themselves as one of the most sought-after solutions for energy-efficient home comfort—and it’s easy to see why. With energy costs on the rise and growing concerns about environmental impact, more Southern Ontario homeowners are making the switch to heat pumps for their ability to both heat and cool efficiently year-round.
Cross has been Listowel, Hanover, Waterloo and the surrounding area’s number 1 choice for heat pump installation and repair for a number of years. And we’ve seen firsthand how demand has surged. But what should you expect when it comes to the price of installing one in your home this year?
Let’s break it down.
Heat Pump Pricing In 2025 - Here’s What To Consider
There are a number of factors that will influence the price of your new heat pump, including:
- Type of heat pump
- Home size and layout
- Location and climate considerations
- Energy efficiency ratings (SEER and HSPF)
- Labor and installation complexity
But when you choose Cross for your installation, we always begin with a comprehensive evaluation to ensure you’re given the best recommendations for your home comfort needs.
Your personal Comfort Consultant will only recommend what you need based on budget and system requirements, we don’t believe in upselling.
Types of Heat Pumps Available In Ontario
Air-source Heat Pumps
Cross is proud to carry and service ducted and ductless cold climate heat pumps from a variety of the most trusted brands. These heat pumps are designed to function effectively and efficiently in lower temperatures. Making them a great choice for southern Ontario homeowners.
Dual Fuel or Hybrid Systems
Hybrid systems use a gas furnace paired with an outdoor heat pump unit for improved efficiency and performance year round.
Geothermal heat pumps are another option available in the market, but it’s important to note that we don’t install these models at Cross, we only provide maintenance or repair services.
These heat pump systems can cost anywhere between $12,000 - $21,000 depending on the size of the equipment you need, efficiency ratings and warranties.
Additional Costs to Consider
When considering heat pump installation, it’s not just the price of equipment itself!
It’s important to also budget for possible ductwork and electrical modifications to ensure your home can support the installation of a heat pump.
If you have any questions about your heat pump installation and any potential costs, don’t hesitate to reach out. Our friendly team has been leading the way in heat pump service and we’ve seen it all!
Rebates & Incentives In 2025
Thankfully, due to the ever growing popularity of heat pumps there are a number of programs available to Ontario homeowners to help with the cost of installation.
Home Renovation Savings Program
The Government of Ontario, Save On Energy and Enbridge Gas have joined forces to offer significant savings to Ontario homeowners through the new Home Renovation Savings Program. You’ll now have more choice when it comes to home comfort upgrades, with flexible options for impressive savings.
Through the program, if you choose to upgrade your home heating and cooling system to a heat pump, you could enjoy rebates of up to $10,000! That could cut your installation costs in half potentially!
So if you’ve been considering heat pump installation, now is the perfect time!
As with other programs, rebates are only available on a first come, first serve basis. So contact us today to get started and to learn more about your options.
Financing Options From Cross Heating & Air Conditioning
Financing your new heat pump is a great way to keep costs under control. We’re proud to partner with Financeit, the gold standard in home comfort system financing.
Together we offer quick approvals, competitive rates and flexible payment schedules, so you can get the new heat pump you need at terms you can afford.
Benefits of Choosing A Heat Pump
There a number of reasons why you should choose a heat pump in 2025 including:
Energy Efficiency
Heat pumps are more energy-efficient than most traditional furnaces, allowing you to reduce your overall energy use by relying on your gas furnace only during Southern Ontario’s most extreme cold snaps. The result? Lower utility bills and smarter energy use all year long.
Long-term Cost Savings
Due to their higher energy efficiency, heat pumps lead to lower energy bills over time.
Environmental Impact
Using less energy also means you're shrinking your carbon footprint—so you're not just saving money, you're helping the planet too.
Dual Functionality
Heat pumps provide both heating and cooling, offering a versatile climate control solution for all seasons.
Make Sure Heat Pump Is Ready All Year Long With Regular Maintenance
Count on Cross to help keep your home running smoothly and safely. Schedule a complete inspection for your high-efficiency heat pump and let our experienced team fine-tune every part of your system. From efficiency to reliability, we’ll make sure everything is operating at peak performance for long-term comfort you can feel.
We’re also proud to offer ongoing maintenance service with our exclusive Cross Advantage Program. For a low monthly fee, you’ll get the peace of mind of pre-scheduled maintenance. You’ll also get:
- 1-year repair warranty
- Annual HVAC Dollars
- 10% discount on future repairs
- 20% discount on air filters
- Reduced service rates
- Product warranty protection.
Give us a call today to learn more or to sign up!
Whether you're upgrading your current system or installing something in a new build, understanding heat pump costs in 2025 is key to making a smart investment. And with an experienced team like Cross Heating & Air Conditioning guiding the way, you can feel confident you're getting the right system, installed the right way, for long-term comfort and savings.
Frequently Asked Questions
How much does it cost to install a heat pump?
The cost for heat pump installation greatly depends on the type of equipment you choose. Most heat pump systems can range anywhere from $12,000-$21,000. But with rebate programs flexible financing options, heat pump installation can actually be quite affordable. Plus the long-term cost savings more than make up for the upfront investment.
How long does it take to install a heat pump?
Heat pump installation can take anywhere from 1-2 days depending on the equipment type and complexity of the installation area. But with our comprehensive evaluation and recommendations, you’ll have all the information necessary, including a timeline estimate, before any work begins.
Can a heat pump completely replace a furnace or an air conditioner?
Adding a centrally ducted heat pump to your furnace, rather than replacing it, allows you to use your home’s existing ductwork and use your gas furnace as a backup for particularly cold days. This allows the heat pump to provide energy-efficient heating throughout most of the year, but also ensures that you can stay comfortable when the outside temperature is too cold for most heat pumps to work efficiently on their own. AC and heat pump combos do exist, but aren’t nearly as popular here in Ontario due to our colder climate.
